Industry Research

U.S. Business Travel Likely To Surge This Summer

Posted on June 10, 2011

With summer nearly here, you might expect to see a jump in leisure travel — a chance for families to take vacations while the children are out of school.

But with the economy showing signs of rebounding and companies loosening the purse strings on travel budgets, a new survey suggests that business travel will surge during the summer while leisure travel will remain about the same as a year earlier.

So the lines at airports may be crowded this summer, not with families packing sunscreen and snorkels, but with business travelers wearing suits and lugging briefcases.

The number of business travelers who have committed to rent rooms this summer is about 8% higher than last summer, according to new data collected by Travelclick, a New York company that provides e-commerce products and services to the hotel industry. But the same report indicates leisure travel will remain about the same as last summer.

Overall, that is good news for the hotel industry because business travelers tend to stay in more expensive rooms while families on vacation often share rooms at budget hotels.

The revenue that hotels collect per room for business travelers is expected to go up 13% this summer compared with the same period last year, while revenue from rooms rented by leisure travelers is expected to rise only 4%, according to Travelclick.

"This summer, business travel has been and continues to be strong as the U.S. economy continues to recover," said Tim Hart, executive vice president of business intelligence at Travelclick.

Source: Los Angeles Times

View comments or post a comment on this story. (0 Comments)

More News

Healthy Travel Jobs Growth During Trump's First 100 Days

With 15.8 million employees, leisure and hospitality was the top sector for U.S. jobs growth in April.

Luxury Travel Revenue Soars At Record Pace

55% of travel agents polled attribute growth to an increased awareness of the value of using their services.

Business Travelers More Anxious About Security

This new development reaches beyond the typical concerns of high-profile travel disruptions and terror incidents.

What Do Trump's First 100 Days Mean For Travel Industry?

The nomination of Elaine Chao as Secretary of Transportation is among positive developments.

Do TNCs Really Prevent Drunken Driving?

Not all studies have reached the same conclusion.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - May 2017 $12.95 Post International LCT Show Issue COVER STORY: * Best Operators of 2017: Their Winning Secrets Revealed * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close